HSBC investment funds
Discussion
Hi all,
Fairly new to investing but now have about £50k sat doing nothing and want to start investing. I bank with HSBC and I’d prefer to stick with them so have been looking at their investment portfolios. Any advice would be amazing in regards to what funds to go with, don’t need the money for the next 5 years so a bit of risk is accepted. Have £20K left of my ISA allowance so will us that and then transfer another £20k into it in April. I believe that’s ok is it?
Thanks all, this financial forum has given me some great tips towards financial freedom.
Fairly new to investing but now have about £50k sat doing nothing and want to start investing. I bank with HSBC and I’d prefer to stick with them so have been looking at their investment portfolios. Any advice would be amazing in regards to what funds to go with, don’t need the money for the next 5 years so a bit of risk is accepted. Have £20K left of my ISA allowance so will us that and then transfer another £20k into it in April. I believe that’s ok is it?
Thanks all, this financial forum has given me some great tips towards financial freedom.
I don't know how much HSBC charge for their GIA or investment wrapper accounts but would assume their charges are higher than other mainstream providers..just an assumption and that's in ref to their platform and other ad-hoc fees, not necessarily the fund/etf charges.
In terms of specific investments, my two favourites are the HSBC FTSE All World fund and MSCI World UCITS ETF......I like simple global funds/trackers that have reasonable charges and these tick the box for me.
In terms of specific investments, my two favourites are the HSBC FTSE All World fund and MSCI World UCITS ETF......I like simple global funds/trackers that have reasonable charges and these tick the box for me.
Worth a look at the HSBC Global Strategy Portfolio funds (very similar concept as the Vanguard LifeStrategy fund where you can pick the risk profile suitable to your requirements).
https://www.assetmanagement.hsbc.co.uk/en/intermed...
Edit to add: you can simply open a HSBC ISA to buy these funds too so it's all in-house as you requested.
https://www.assetmanagement.hsbc.co.uk/en/intermed...
Edit to add: you can simply open a HSBC ISA to buy these funds too so it's all in-house as you requested.
Edited by chip* on Thursday 27th January 11:57
Yes, definitly use your ISA allowances & 20K now followed by 20K in April is fine. Whether you also invest the last 10K outside the ISA or not is up to you. You still have a £12500 CGT allowance so if you invest it and make something with it in a standard investment account (outside of an ISA) you arn't likely to pay any tax. Then stick it in the ISA in April 23 (you'd have to sell the holdings outside the ISA & turn it into cash to do that)..
Depending on where you are with such things you could also consider sending some into a SIPP (Pension). More tax efficient but also then locked away till you are 55
Look around for someone who will set an ISA up for you & take note of any management charges & dealing charges within it.
Inject cash into the ISA & then buy funds as above. Don't try & be too clever, don't buy too many but also don't put all your eggs in one basket either. Send more cash in in April & then buy again.
If you feel like doing so & you want to be a bit more active you could divide the money up into virtual pots & allocate some to long term holdings, some to medium term & some to more speculative stuff.
If anything you are buying throws off dividends its often better for the long term to take those as shares rather than cash (thereby increasing your holdings & compounding growth).
Depending on where you are with such things you could also consider sending some into a SIPP (Pension). More tax efficient but also then locked away till you are 55
Look around for someone who will set an ISA up for you & take note of any management charges & dealing charges within it.
Inject cash into the ISA & then buy funds as above. Don't try & be too clever, don't buy too many but also don't put all your eggs in one basket either. Send more cash in in April & then buy again.
If you feel like doing so & you want to be a bit more active you could divide the money up into virtual pots & allocate some to long term holdings, some to medium term & some to more speculative stuff.
If anything you are buying throws off dividends its often better for the long term to take those as shares rather than cash (thereby increasing your holdings & compounding growth).
Edited by Wombat3 on Thursday 27th January 11:56
[quote=chip*]Worth a look at the HSBC Global Strategy Portfolio funds (very similar concept as the Vanguard LifeStrategy fund where you can pick the risk profile suitable to your requirements).
https://www.assetmanagement.hsbc.co.uk/en/intermed...
Edit to add: you can simply open a HSBC ISA to buy these funds too so it's all in-house as you requested.
Thanks for this have stuck most of allowance into a couple different funds for next two months, will look at allocations when I add in the next £20k in April.
https://www.assetmanagement.hsbc.co.uk/en/intermed...
Edit to add: you can simply open a HSBC ISA to buy these funds too so it's all in-house as you requested.
Thanks for this have stuck most of allowance into a couple different funds for next two months, will look at allocations when I add in the next £20k in April.
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